Upstream news

The sale includes a five-year contract to provide ONGC with dedicated on-premises Sercel software and support services.

Wood has announced a trio of reimbursable contract extensions worth US$118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business.

ABS, a provider of classification services for marine and offshore assets, and Akselos S.A., a provider of structural performance management software, have announced a deepening of their cooperation with the joint completion of technical assessment for structural digital twin technology.

SLB has announced the award by bp of a substantial EPCI contract for the Ginger project offshore Trinidad and Tobago.

Granted rights for joint hydrocarbon exploration in two Hungarian concession areas, Tamási and Buzsák.

Annular pressure build-up (APB) mitigation for wells at Whale development.

Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.

The collaboration aims to integrate Weatherford's software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's AI-driven systems.

Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).

TotalEnergies has announced the start of production from the deepwater Ballymore field offshore US, in which the Company has a 40% interest alongside operator Chevron (60%).